Crompton announced the appointment of D Sundaram as Chairman of the Board. Further, Crompton has inducted Anil Chaudhry and Sanjiv Kakkar as Additional Directors.
Hemant Nerurkar, Chairman of the Board is retiring on October 20, 2023 upon the expiry of his second term. The Board of Directors’ at its meeting held on October 17, 2023, decided to appoint Sundaram as Chairman succeeding Nerurkar. Sundaram has been on the Board of the Company since 2015 and has served as the Chairman of the Audit Committee and Risk Management Committee since inception. The Board acknowledged the extensive contribution of Nerurkar in helping shape Crompton Greaves Electricals.
The Board also inducted two noted industry veterans, Anil Chaudhry and Sanjiv Kakkar, formerly
with Schneider Electric and Unilever respectively, as Non-Executive Independent Directors, with effect
from October 17, 2023, for a first term of five years. This is subject to the approval of the shareholders.
Sundaram has been serving as a Non-Executive & Independent Director at Crompton since 2015.
With over 34 years of invaluable experience at one of the country’s top FMCG companies – Hindustan
Unilever Limited, he brings a wealth of knowledge and expertise to the organization. He currently holds
the position of Non-Executive Vice Chairman at TVS Capital Funds Ltd. He also currently serves as an
independent director on the boards of Infosys, GSK Pharma India and Schneider Electric.
Anil Chaudhry is the former CEO & Managing Director of Schneider Electric India Pvt. Ltd (SEIPL)
and President of Schneider’s India Business. Schneider Electric is a global leader in digital automation
and energy management. Chaudhry was instrumental in the acquisition of L&T Electrical &
Automation Division by SEIPL making the combined entity as India’s largest Low Voltage Switchgear
company. With over 40 years of global leadership experience in management, operations, sales,
strategy, and business development, he has a strong commitment to energy efficiency, sustainability,
climate change, access to energy, and skill development. Chaudhry is dedicated to implementing
innovative techniques to provide top-tier solutions and services to customers. He is also a passionate
advocate for diversity and inclusion, championing related initiatives throughout his career.
Sanjiv Kakkar, former Executive Vice President of Unilever, heading North Africa, Middle East,
Russia, Ukraine, Turkey and the Central Asia Region. He is a distinguished leader with 38 years of
experience. Sanjiv’s career began in India with Sales and Marketing assignments and he joined the
Board of Hindustan Unilever Ltd., India, as Executive Director – Foods, followed by Executive Director –
Customer Development. He thereafter moved on to head Unilever’s business for Russia, Ukraine and
Belarus followed by regional assignments as EVP – Unilever. He has transformed one of Unilever’s largest clusters into one of its fastest-growing and most profitable regions. He was the Founder
Chairman of the Advertising Business Group, Middle East, Dubai, and a Board Member for the
International Chamber of Commerce, Dubai, nominated by the Ruler of Dubai. Moreover, Forbes
recognized him as the top Indian business leader in the Middle East in 2018. Currently, Sanjiv Kakkar
runs an Advisory Service to help founders and CEOs to unlock their business potential.
Promeet Ghosh, Managing Director & CEO, Crompton Greaves Consumer Electricals Ltd. said, “I would
like to extend heartfelt gratitude to Mr. Hemant Nerurkar, Chairman, for his immense contributions on
the Board. He has been instrumental not only in providing strategic direction but also in moulding
Crompton into a Board led & professionally managed Company. I am thrilled with Mr. Sundaram
succeeding Mr. Nerurkar as the Chairman of the Board. He has played a pivotal role on the Board of the
Company since inception. I am also excited to welcome our two new Directors, Mr. Anil Chaudhry and
Mr. Sanjiv Kakkar, to the Crompton family. Their wealth of experience and exceptional track records in
industry will add tremendous value to our organization.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.